358
358
Dec 5, 2012
12/12
by
KQED
tv
eye 358
favorite 0
quote 0
you >> taxes have been 18% of gdp. they're down now because of a question of rates but because of the economy. >> in sharing the burden, is not turnoff for republicans to say the wealthier can pay more? >> that is where we have put on the table an increase in revenue. we're willing to eliminate loopholes. i can tell you as someone who is under this system if you have the bright accountant and lawyer, you will pay less taxes than the next person regardless of your income level. i think eliminating these loopholes does do what the president has been talking about, fairness. it gives shared burden which is what we want to do. we have said we're willing to increase revenue someone. we get there at a different route than the president but the president needs to put on what he is willing to do to reduce spending and he has not done that so far. >> jack kingston, thank you. financial markets are watching. on the other side there is another controversy with a major fallout. clerical workers have been on strike at the ports in
you >> taxes have been 18% of gdp. they're down now because of a question of rates but because of the economy. >> in sharing the burden, is not turnoff for republicans to say the wealthier can pay more? >> that is where we have put on the table an increase in revenue. we're willing to eliminate loopholes. i can tell you as someone who is under this system if you have the bright accountant and lawyer, you will pay less taxes than the next person regardless of your income level....
295
295
Dec 6, 2012
12/12
by
KQED
tv
eye 295
favorite 0
quote 0
i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. when you look for savings, it is fair to local to the 1%. >> with multiple forecasts being downgraded, it has now become an issue about competence. they argue not only has the chancellor failed, but failed on his own terms. >> it has been completely derailed. the one test they set for themselves, balance the books and get the debt falling by 2015, that is now in tatters. >> after all, the facts and figures of the chancellor's statement -- after all of the facts and figures of the chancellor's statement, we are left with a feeling of malaise. >> you are watching bbc world news america. still to come, aero controversy at the hospital after the duchess of game birds -- the after information on the duchess of cambridge is released to two is jockeys. >> in bangkok, thousands of thais turned out to catch a glimpse of the mark on his 85th birthday in a rare public appearance prepare aero controvy at the hospital after the duches
i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. when you look for savings, it is fair to local to the 1%. >> with multiple forecasts being downgraded, it has now become an issue about competence. they argue not only has the chancellor failed, but failed on his own terms. >> it has been completely derailed. the one test they set for themselves, balance the books and get the debt falling by 2015, that is now in...
228
228
Nov 28, 2012
11/12
by
KQED
tv
eye 228
favorite 0
quote 0
>> tax rates going up, having tax rates go up is not wise for the economy. that we have put on the table in our past two budgets are to address tax revenues having revenues increase by way of closing the loopholes, limiting the deductions, limiting the credits, making certain that we lower the tax rates for everybody and broaden the base. that actually gets the economy rolling again so that we can grow the revenue to the federal government by having pro growth policies. the other side of this is the spending. that hasn't been addressed by the president. we wait for the president to be able to put his spending reductions on the table. >> brown: let me ask you to stay on the taxes for a minute. when you talk about revenues not rays, are there enough details there because a lot of budget experts will say that closing loopholes like that won't be enough until we know exactly what those loopholes are. >> what we do know are the rate increases that have been recommended by the president, get enough money to run the federal government for eight days not eight month
>> tax rates going up, having tax rates go up is not wise for the economy. that we have put on the table in our past two budgets are to address tax revenues having revenues increase by way of closing the loopholes, limiting the deductions, limiting the credits, making certain that we lower the tax rates for everybody and broaden the base. that actually gets the economy rolling again so that we can grow the revenue to the federal government by having pro growth policies. the other side of...
180
180
Dec 5, 2012
12/12
by
KQED
tv
eye 180
favorite 0
quote 0
it includes limiting tax deductions, but no increase in marginal tax rates. and it would change eligibility for medicare and social security over the longer term. bob corker is from tennessee and joins us now from capitol hill. senator, welcome, and first of all, we heard late today that there was a phone conversation between the president and speaker boehner. have you heard anything about that? >> no, i haven't. i've been in multiple conversations today about this. but i've been in a meeting until right now for the last two hours. so i have not been aware of the phone conversation. sphwhrood well, we not hearing any reports other than the fact the call took place, but the fact that it took place, is that good news? >> oh, i don't know, judy. i think there are a the love discussions about what is the best way to get the type of entitlement reforms that everyone knows needs to take place, both republicans and democrats. judy, i have been in i don't know how many meetings in the last two years where there is a lot of commonality around the issue. as you know, t
it includes limiting tax deductions, but no increase in marginal tax rates. and it would change eligibility for medicare and social security over the longer term. bob corker is from tennessee and joins us now from capitol hill. senator, welcome, and first of all, we heard late today that there was a phone conversation between the president and speaker boehner. have you heard anything about that? >> no, i haven't. i've been in multiple conversations today about this. but i've been in a...
265
265
Dec 4, 2012
12/12
by
KQED
tv
eye 265
favorite 0
quote 0
taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rates on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of congress' plate. something which members of congress seem to think at least is a no starter. what is the value in putting that out there? >> well again it needs to be said. this is crazy. the way that the debt ceiling works is that congress can actually vote to not tax enough to pay for the spending it proposes and then it can refuse to allow the government to borrow the money to make up the difference between its own spending bills and its own tax bills. this is crazy. this is a license for continual irresponsibility. and of course we're heading for... the republicans are attempting to d
taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rates on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of...
126
126
Nov 29, 2012
11/12
by
KQED
tv
eye 126
favorite 0
quote 0
the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we're not raising rates. >> brown: despite the president's talk of changing minds, "politico's" manu raju says that privately, house republicans think they can win this fight. >> right now the republican leadership feels pretty confident that they have most of their folks in line. they all generally support keeping tax rates low for virtually for every single income group. they do not want to see incomes increase for that top tax bracket. >> brown: meanwhile, on the senate floor, minority le
the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small...
267
267
Dec 6, 2012
12/12
by
KQED
tv
eye 267
favorite 0
quote 0
but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement can be reached, but again drew a hard line for republicans in congress. >> everybody's is going to have to share in some sacrifice. but it starts with folks who are in the best position to sacrifice. who are in the best position to step up . just to be clear i'm not going to sign any package that somehow prevents the top rate from going up, the top 2% from going up. >> woodruff: the president phoned house speaker john boehner yesterday, their first direct talk in almost a week. but today white house spokesman jay carney wouldn't share details of the call. >> we believe it's in the interest of achieving an agreement not to do that. >> reporter: treasury secretary timothy geithner said ye
but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement can be reached, but again drew a hard line for republicans in congress....
398
398
Nov 30, 2012
11/12
by
KQED
tv
eye 398
favorite 0
quote 0
obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli amb
obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general...
164
164
tv
eye 164
favorite 0
quote 0
two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what do we do now in three weeks? let's go aheadand give 98% of the american people a tax t. none of us are ignoring the viability and importance of looking at entitlement reform as it relates to savings getting rid of waste fraud and abuse and other aspects. i will not tolerate increase in eligibility or raising the age but what republicans are doing is, they are putting theissue taxes and theye not telling the american people that the enlightment reform and tax reform is ane orissues thatan be discussed in 2013 in deliberative manner liening to you constituents. that is the key.
two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what...
156
156
Dec 3, 2012
12/12
by
FOXNEWSW
tv
eye 156
favorite 0
quote 0
i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> so you have been around this town a long time, you have been in a lot of negotiations, what is there game? what is their thinking as to how they are going to work their will? do they just figure they won, they are going to get what they want? >> i have no idea, chris. if i knew, i would share it with you but i don't think what they are thinking. >> do you think they are being bullies? >> i think they won the election, they must have forgotten that republicans continue to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> and again, because you kind of didn't answ
i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> so you have been around this town a long time, you have been in a lot of negotiations, what is there game?...
129
129
Nov 28, 2012
11/12
by
KCSM
tv
eye 129
favorite 0
quote 0
the republicans who form a majority in the house of representatives are opposed to tax hikes. time is running out. both democrats and republicans have indicated a willingness to compromise, but business owners are skeptical. and many american business people are very concerned that the politicians will not accomplish certainty, and instead, they will blame each other and this will cause more uncertainty. >> especially when it comes to orders from the defense industry. i of the country falls over the fiscal cliff, huge cuts to the u.s. military budget will take place automatically -- if the country falls over the fiscal cliff. >> coming up, a new mozart interpretation that uses the latest in animation technology. >> but first, a roundup of stories making news now. the former israeli opposition leader has announced she will return to politics to lead a new party called the movement. the former foreign minister says the party will run in january elections. she described it as an alternative that will push for peace for the palestinians. >> in britain, at least two people have bee
the republicans who form a majority in the house of representatives are opposed to tax hikes. time is running out. both democrats and republicans have indicated a willingness to compromise, but business owners are skeptical. and many american business people are very concerned that the politicians will not accomplish certainty, and instead, they will blame each other and this will cause more uncertainty. >> especially when it comes to orders from the defense industry. i of the country...
210
210
tv
eye 210
favorite 0
quote 0
among let's put a downpaymmnt on taxes, let's let tax breaks and the upper-income folks go up. lou: president obama is loking to hide even more taxe to find more taxable victms beyond the so-called ich. but there are yet more conditionsas white ouse press secretary jay carney today reminded us. the president emnds any deal is dependent upon a hike in the nation det ceiling. carney says the debt ceiling is another issue the preident simply cannot bring himself to negotiate with those lowly republicans on the hill. and today began a new campaign of blame for the national debt directedat, yes, congress. me. >> your not going to negotiate over what is a fundamental responsibility congress, which is to pay the bills that congress cured. ithould beart of the dal. it should be done, and it should be done without trauma. lou: the president is not alone in demands for non negotiation of vat regions of the federal wastand. me ongressional democrats are also very spcific about hat they refuse to egotiate as well. for example, the conggessional black caucus nnounced that it is strony oppos
among let's put a downpaymmnt on taxes, let's let tax breaks and the upper-income folks go up. lou: president obama is loking to hide even more taxe to find more taxable victms beyond the so-called ich. but there are yet more conditionsas white ouse press secretary jay carney today reminded us. the president emnds any deal is dependent upon a hike in the nation det ceiling. carney says the debt ceiling is another issue the preident simply cannot bring himself to negotiate with those lowly...
115
115
tv
eye 115
favorite 0
quote 0
bush era tax cuts must be extended for all americans. the stan stand -- stand off and the debt concerns ryan skenke. he's the guidancing with the cochair of the president's deficit commission alan simpson. the group is working to get young people involved in fixing the debt crisis. >> we're trying to connect with our generation in a different way. we're using humor to hook them in and get them to learn about this issue and understand how it effects their lives. >> they want to sign up more than 2 million people to put pressure on both sides. in washington danielle noting ham wjz eyewitness news. >> former senator allen simple -- simpson said the deal must include new revenue and spending cuts. he called it stupidity to speculate on which party has more to lose. >>> across the pond in london the duchess of cambridge was discharged from the hospital this morning. she is pregnant and was hospitalized because she's been experiencing acute morning sickness. she was smiling this morning. kate is now back home in the palace for some more rest a
bush era tax cuts must be extended for all americans. the stan stand -- stand off and the debt concerns ryan skenke. he's the guidancing with the cochair of the president's deficit commission alan simpson. the group is working to get young people involved in fixing the debt crisis. >> we're trying to connect with our generation in a different way. we're using humor to hook them in and get them to learn about this issue and understand how it effects their lives. >> they want to sign...
292
292
Dec 6, 2012
12/12
by
FOXNEWSW
tv
eye 292
favorite 0
quote 0
state taxes went up. they are now higher than both new york city as well as hawaii. >> when it comes to jobs being added different numbers, 118,000. >> this is the first week of the month we get a lot of jobs data. storm event coming in when i say storm literally we will see the effects of super storm sandy. private job creation says businesses added 118,000 jobs in november. if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report that's the big one economists look at. we expect 93,000 nonfarm jobs have been created last month. the numbers are weak and they suggest it's not just a storm but it is worried about the fiscal cliff holding businesses back from hiring. >> business owners and other people on e-mail which is most of us. when you are reading the e-mails and writing them you rate changes. >> pay attention i guess. do you hold your breath when you are reading an e-mail. it is e-mail apnea. study shows 80 percent of folks have it. when you hold your
state taxes went up. they are now higher than both new york city as well as hawaii. >> when it comes to jobs being added different numbers, 118,000. >> this is the first week of the month we get a lot of jobs data. storm event coming in when i say storm literally we will see the effects of super storm sandy. private job creation says businesses added 118,000 jobs in november. if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report...
70
70
Nov 28, 2012
11/12
by
FBC
tv
eye 70
favorite 0
quote 0
raising more taxes? people are fleeing this city as it is. >> what happened to vallejo, the first california city to go bankrupt in 2008. they actually did raise taxes. along with that, they told citizens they could decide where the taxes went. so you may see a similar situation in places like san bernardino. tell you, melissa. it will not be the last one. pensions for local government are only 50% funded at this point. you have the situation going on across the state. melissa: you have the situation going on where there are just these liabilities there is no way to pay down the line, right, aaron? isn't that the real problem? >> well the problem is, the local governments, state government has been making promises they can't keep. really not fault of employees or frankly labor unions who will ask all they can get. it is fault of politicians who make the promises without setting aside money to pay for them. state level and municipalities we're paying more and more money to pensions and retiree health care
raising more taxes? people are fleeing this city as it is. >> what happened to vallejo, the first california city to go bankrupt in 2008. they actually did raise taxes. along with that, they told citizens they could decide where the taxes went. so you may see a similar situation in places like san bernardino. tell you, melissa. it will not be the last one. pensions for local government are only 50% funded at this point. you have the situation going on across the state. melissa: you have...
183
183
Dec 2, 2012
12/12
by
KRCB
tv
eye 183
favorite 0
quote 0
as congress and the president struggle to reach an agreement on taxes and federal spending, religious leaders gathered on capitol hill to once again urge lawmakers to protect antipoverty programs. the interfaith group called cuts to those programs immoral. >> we as religious call on our country's leaders to not push the country's most marginalized peoples off the fiscal cliff, >>> palestinians celebrated this week after the united nations general assembly voted overwhelmingly to recognize palestine as a nonmember observer state. many jewish groups denounced the u.n. action, saying it undermines future peace negotiations with israel. some u.s. christian and muslim leaders supported the move. the palestinians were not granted full u.n. membership, but their upgraded status could allow them access to other u.n. and international bodies, including the international criminal court where they could possibly bring charges against israel. the united states was one of nine nations that voted against the resolution. >>> in egypt, seven coptic christians and a controversial american pastor have
as congress and the president struggle to reach an agreement on taxes and federal spending, religious leaders gathered on capitol hill to once again urge lawmakers to protect antipoverty programs. the interfaith group called cuts to those programs immoral. >> we as religious call on our country's leaders to not push the country's most marginalized peoples off the fiscal cliff, >>> palestinians celebrated this week after the united nations general assembly voted overwhelmingly to...
23
23
tv
eye 23
favorite 0
quote 0
they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners down the streets and i asked them about how they feel about how much tax they pay let's take a listen i'm not looking for us posting these players such as think it should be. moved people should pay proportionately. you know get in from it really. feels like it's all going to the fact that it's in the. communities it's just. that. so as you can see you know a lot of people are just extremely frustrated that they aren't getting any of their local services back it's demoralizing figure and as the government had promised to recognize marriage to provide some of these tax breaks they haven't done that yet and in the run up to christmas with prices on the rise food prices fuel prices just the price of heating a family's home this is very very bad news and a lot of people feeling extremely frustrated about it. it's maybe kind o
they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners down the streets and i asked them about how they feel about how much tax they pay let's take a listen i'm not looking for us posting these players such as think it should be. moved people should pay proportionately. you know get in from it really. feels like it's...
130
130
tv
eye 130
favorite 0
quote 0
up in the estate tax goes up. basically, we could be looking at a private stimulus package happening. >> you are talking about transferring 25 million-dollar houses from one rich person to another, right? >> you are buying stuff back and forth. the parents to give that to their kids. the estate tax is 35% on everything over $5 million and agosta 55%. anything over $1 million. it is horrible. melissa: dennis needs a break after running the 12 flights of stairs. this time this item is for christmas. this starbucks card will set you back $450. the card itself costs $50, then the card itself is $450 for the gift card. you cannot buy them at the store coming have to give them from gil.com. >> of i spent $450, it will be almost a full pair of christian louis vuitton shoes. i'm not sure they are seen holding this card. >> a person is going to say my gold card -- what happens if you violate 10 cups of coffee, do you geta gold card membership? >> the highest profit margin will be on the copy. how much is that slipups stain
up in the estate tax goes up. basically, we could be looking at a private stimulus package happening. >> you are talking about transferring 25 million-dollar houses from one rich person to another, right? >> you are buying stuff back and forth. the parents to give that to their kids. the estate tax is 35% on everything over $5 million and agosta 55%. anything over $1 million. it is horrible. melissa: dennis needs a break after running the 12 flights of stairs. this time this item is...
144
144
Dec 3, 2012
12/12
by
FOXNEWSW
tv
eye 144
favorite 0
quote 0
tall tax rates will go up. we will then enact tax cuts for 98%. we will get congratulations from the american people. >> keeping and adding back tax cut for those above $250,000, 9 #% of income would add $37 trillion in ten years and would only save $800 billion or so from raising rates on higher incomes. democrats complain the republicans didn't pay for bush tax cut and no one on the democratic side is talking about finding the off-setting savings now to extend them. several democrats contemplated going over the cliff in recent days. perhaps in hopes of gaining leverage. >> if the republicans don't agree with that, we reach a point where all the tax cuts expire and we start over next year. >> form every republican senate aide said it would be hard to blame one party. >> i think they realize that both sides will be culpable if we go over cliff. >> house speaker john boehner says going over the cliff is far too dangerous to the economy. nevertheless, even treasury secretary geithner suggested on fox news sunday that republicans might need more time
tall tax rates will go up. we will then enact tax cuts for 98%. we will get congratulations from the american people. >> keeping and adding back tax cut for those above $250,000, 9 #% of income would add $37 trillion in ten years and would only save $800 billion or so from raising rates on higher incomes. democrats complain the republicans didn't pay for bush tax cut and no one on the democratic side is talking about finding the off-setting savings now to extend them. several democrats...
180
180
Dec 5, 2012
12/12
by
KCSM
tv
eye 180
favorite 0
quote 0
we heard a very long discussion about tax treatment of same-sex marriages. the cdu trying to show itself as a party that is delectable by urban voters and that stands for diversity, as i said. >> ending the eurozone crisis has been a top priority, not only for merkel, but also for other european leaders as well. >> one key part of the plans is the creation of a banking union. finance ministers were supposed to be discussing the first steps to building such a union today, but the talks collapsed without progress. the discussions are very contentious, mainly because of the devolution of national powers to brussels. our correspondent has been following the talks and explained why they collapsed. >> another meeting on this next question, another failure. basically, the differences between member states were not healed. on the one side, you've got germany being very questioning about the central core idea, which is that the european central bank will become the supervisory body for the whole euro banking area, insuring heavy capitalization of banks to bolster the
we heard a very long discussion about tax treatment of same-sex marriages. the cdu trying to show itself as a party that is delectable by urban voters and that stands for diversity, as i said. >> ending the eurozone crisis has been a top priority, not only for merkel, but also for other european leaders as well. >> one key part of the plans is the creation of a banking union. finance ministers were supposed to be discussing the first steps to building such a union today, but the...
115
115
tv
eye 115
favorite 0
quote 0
but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a european size government with current american size tax rates. one or the other has got to go. we will see. joining us now, author of the best seller, get ready for armageddon. also, a recording of -- i will explain my laughter. his new holiday cd, making spirits bright available on the amazon and itunes. i am trying to think how to do it. >> the words stuck in your throat. lou: it is terrific. it is wonderful. here to prove the point, and it's ggod to have you. i wish you lots of luck. by the way, s t eyn. that's right. and i got it covered. >> that's right. why do i have
but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a...
23
23
tv
eye 23
favorite 0
quote 0
there's a tax payer it comes out of the tax and bury the actual purging we're already healthy and in shape to go out and. private companies hardworking and reliable make sure want to work every day well. terribly work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or a private one for a minimum wage of around six dollars a unit cory's a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of products and services you see the variety listed on their website they to partner up with private firms now last year unicorn's revenue nine hundred million dollars the spars private prisons are concerned two of the country's biggest prison corporations made three point three billion dollars last year alone private prisons are treated in that york stock exchange they are for profit companies and the savings that they reap from using inmate labor. go to their bottom line it's money they otherwise d
there's a tax payer it comes out of the tax and bury the actual purging we're already healthy and in shape to go out and. private companies hardworking and reliable make sure want to work every day well. terribly work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or a private one for a minimum wage of around six dollars a unit cory's a government owned corporation that uses prison labor to produce...
188
188
tv
eye 188
favorite 0
quote 0
tax dead? we'll see. forbes doesn't think so. there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after greece announced its debt buy back terms. euro rose to a $1131. that's high historically. action in the metals. silver, platinum, all sinking more than 1%. silver was today's biggest loser dropping nearly p 3% to settle at $32.81 an ounce. david: markets hopping, but the next trader says investor participation is shifting. in chicago, larry, the key question here is what happens when the market gets off its hind legs and moves? move up or down? >> it all depen
tax dead? we'll see. forbes doesn't think so. there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near...
111
111
Nov 29, 2012
11/12
by
FBC
tv
eye 111
favorite 0
quote 0
liz: who pays zero income tax? who got away with paying zero income tax? i like to know how you do that. >> 1500 millionaire families paid no federal income tax in 2009. and if you can't figure out a way to capture their fair share, then how else are you going to fix the problems in our tax code? if you can't do this --. liz: i'll tell you. you close all the loopholes. you make one rate or three rates for everyone. make it very simple. so that is, that is a loophole problem. that is not a marginal rate problem. that is not a go attack wealthy people problem and discourage entrepreneurship and discourage people from trying to make money and get ahead and be successful. >> yeah. liz: when you have somebody like warren buffett out there doing this, it is about attacking wealthy people. i just don't think that is what america is about. >> warren buffett himself, among the wealthiest there is so i don't think you can accuse him of class warfare. it is not just about loopholes, melissa. liz: i think i absolutely can. he is mouthpiece for the white house. he come
liz: who pays zero income tax? who got away with paying zero income tax? i like to know how you do that. >> 1500 millionaire families paid no federal income tax in 2009. and if you can't figure out a way to capture their fair share, then how else are you going to fix the problems in our tax code? if you can't do this --. liz: i'll tell you. you close all the loopholes. you make one rate or three rates for everyone. make it very simple. so that is, that is a loophole problem. that is not a...
155
155
Dec 3, 2012
12/12
by
KTVU
tv
eye 155
favorite 0
quote 0
are the party of lower taxes, are you going to refuse to cut people's taxes? >> listen, nobody wants to go over the cliff. that is why the day after the election i tried to speed this process up by making a concession to put revenues on the table. and it is unfortunate that the white house spent three weeks doing basically nothing. >> chris: you have been around this time, a long time and have been through a lot of negotiations. what is their game? what is their thinking as to how they will work -- well, they figure they won and they will get what they want? >> i have no idea, chris. if i knew, i would share it with you. i don't know what they are thinking. >> chris: do you think they are being bullies. >> i think they've won the election and must have forgotten republicans continue to hold a majority in the house. but, you know, the president's idea of a negotiation is, will they do what i ask. we need to find common ground and need to find it quickly. >> chris: and, again, you kind of didn't answer it the first time, what are the chances we'll go over the cl
are the party of lower taxes, are you going to refuse to cut people's taxes? >> listen, nobody wants to go over the cliff. that is why the day after the election i tried to speed this process up by making a concession to put revenues on the table. and it is unfortunate that the white house spent three weeks doing basically nothing. >> chris: you have been around this time, a long time and have been through a lot of negotiations. what is their game? what is their thinking as to how...
147
147
Dec 4, 2012
12/12
by
CURRENT
tv
eye 147
favorite 0
quote 1
the payroll tax cut will expire. if you're a working person, you're losing $40 to $50 a week immediately in your first paycheck. the unemployment benefits will expire. if you're dependent on that, your income will fall off the cliff. if you're someone who listens on dividends and financial gains, the fact that tax on those will rise will not put a crimp in your lifestyle and you may not be taking any capital gains until june, july, august, september. those who are most vulnerable are those on the lower income ladder and who are benefiting from the benefits that will expire, they will feel like they're going over a cliff. >> eliot: brian, let me turn to you, politically am i not correct? the pieces of the tax impact that dan was just talking about that would have the greatest impact are the pieces that are the least likely to be extended under any deal. the payroll tax there seemed to be a consensus that there would not be an extension of the payroll tax cut because that is so necessary to funding social security. tha
the payroll tax cut will expire. if you're a working person, you're losing $40 to $50 a week immediately in your first paycheck. the unemployment benefits will expire. if you're dependent on that, your income will fall off the cliff. if you're someone who listens on dividends and financial gains, the fact that tax on those will rise will not put a crimp in your lifestyle and you may not be taking any capital gains until june, july, august, september. those who are most vulnerable are those on...
124
124
Dec 5, 2012
12/12
by
CNNW
tv
eye 124
favorite 0
quote 0
first, when i was there, it was the president who had made the no tax pledge. president bush the first, as you'll recall, made a very famous no tax pledge which he eventually backed off of. in this case, it's the congress. the republicans in the congress specifically, who have made the tax pledge, and the president who is trying to get them to break it. secondly, the numbers are very much reflecting the passage of time. we were very concerned because we thought the budget was going to be -- the deficit was going to be about $150 billion. that shocked everyone into action. then, unlike now, there remains some degree of bipartisanship. there was comity, there was discussion, even as we battled over the budget, we worked together in a bipartisan way on many other issues. you didn't have the total polarization that you have today. >> i mean, when you were elected senate majority leader, i understand one of the first people that you called was the minority leader, senator dole. >> that's right. i called him right away, i went to see him almost immediately, and i sai
first, when i was there, it was the president who had made the no tax pledge. president bush the first, as you'll recall, made a very famous no tax pledge which he eventually backed off of. in this case, it's the congress. the republicans in the congress specifically, who have made the tax pledge, and the president who is trying to get them to break it. secondly, the numbers are very much reflecting the passage of time. we were very concerned because we thought the budget was going to be -- the...
145
145
Nov 30, 2012
11/12
by
FOXNEWSW
tv
eye 145
favorite 0
quote 0
if you look at the tax side, the president campaigned on raising taxes but high talked about raising them to the tune of $800 billion. instead, what was put on the table is double that, $1.6 trillion in new tax increases. the president, though, out there upsetting republicans because he is outcampaigning again and he said i missed being out here on the trail. so rather than negotiating with republicans he was on the road in pennsylvania and saying i ran on this in terms of raising taxes. it is time to collect. >> at the end of the day, a clear majority of americans, democrats, republicans, independents, agreed with a balanced approach to gift reduction and making sure the middle class taxes don't go up. folks agreed to that. now the good news is we are starting to see a few republicans coming around to it, too. >>reporter: nancy pelosi has a news conference and added that elections have consequences. the democrats now think they can push their agenda through but republicans are saying when the democrats ran on the balanced approach it was not just tax increases but spending cuts, as
if you look at the tax side, the president campaigned on raising taxes but high talked about raising them to the tune of $800 billion. instead, what was put on the table is double that, $1.6 trillion in new tax increases. the president, though, out there upsetting republicans because he is outcampaigning again and he said i missed being out here on the trail. so rather than negotiating with republicans he was on the road in pennsylvania and saying i ran on this in terms of raising taxes. it is...
137
137
Nov 29, 2012
11/12
by
FBC
tv
eye 137
favorite 0
quote 0
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and everyews dia outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced u areefor tax increases and we will tell everyone you are impor
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not...
204
204
Nov 29, 2012
11/12
by
FOXNEWSW
tv
eye 204
favorite 0
quote 0
credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt just like every single american that owns a home pays part of their monthly revenue toward their mortgage debt. it's exactly the same thing. the problem that grover and i have, he says if you do that, that's a tax increase, because the rest of it is going to go to lowering tax rates, and that's not 100% going to lowering tax rates. >> sean: if you're talking about $1.1 trillion or $1.2 trillion in revenue, that's raising taxes. people will pay more. when people pay more -- >> no. >> sean: they're no
credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that...
162
162
Nov 29, 2012
11/12
by
CURRENT
tv
eye 162
favorite 0
quote 0
own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread the hysteria and--and if their plan goes through the austerity plan, they and their company and their bonuses are actually the only thing that is going to improve in this economy. >> eliot: as they have over the past couple of years. income disparity is worse and worse and incomes are going up. lloyd blankfein telling people that they people should not expect to work for 25 years and then retire for 30. i don't think he understands what social security is all about. >>> the hispanic caucus said no today on a repub
own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread...
198
198
Nov 30, 2012
11/12
by
FOXNEWSW
tv
eye 198
favorite 0
quote 1
the social security payroll tax. there is a tax increase in january. unless someone steps up and says wait a second, we are getting everyone else a tax break and let social security tax go up 2%. >> bret: winners and losers? >> bill kristol is turning in to a socialist. [ laughter ] >> family tradition. way back. >> secretary of the treasury sitting right over there. workers, champion. the winner mahmoud abbas locally because he outshone hamas on this even though the victory he won in the u.n. was pyraquan. loser speaker of the house john boehner. he offered the president a peace pipe and got in return a demand that he turned over his sword, his shirt and at the end his trousers. that is a rather embarrassing position for the speaker. >> bret: he will be asked about it on "fox news sunday" with chris wallace. that is it for the panel. but stay tuned to see one thing congress did accomplish today. victor! victor! i got your campbell's chunky soup. mom? who's mom? i'm the giants mascot. the giants don't have a mascot! ohhh! eat up! new jammin jerk chicke
the social security payroll tax. there is a tax increase in january. unless someone steps up and says wait a second, we are getting everyone else a tax break and let social security tax go up 2%. >> bret: winners and losers? >> bill kristol is turning in to a socialist. [ laughter ] >> family tradition. way back. >> secretary of the treasury sitting right over there. workers, champion. the winner mahmoud abbas locally because he outshone hamas on this even though the...
134
134
Nov 28, 2012
11/12
by
FBC
tv
eye 134
favorite 0
quote 0
in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that's impressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more impressive. 365 electoral votes to 1703. wait a minute. that's quite a little difference . of falloff in the popular vote and a far less impressive electoral victory this year. let's look at the legislative branch, the senate, the house. fifty-five for democratic senators. forty-five will be republican. 200 democratic representatives to 234 in the house of representatives. he is down here. pretty impressive for the republicans. by the way, when you combine the senate and house there are still a lot more republicans than capitol hill then there
in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that's impressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more...
160
160
Nov 28, 2012
11/12
by
FOXNEWSW
tv
eye 160
favorite 0
quote 0
on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball. the odds are slim of swinging, 1 in 75 million but zero chance if you don't buy. people are dreaming. >> i felt my whole life i was supposed to be rip. >> pay the bills and house off. not have to work. ever again. >> i have 17 charities first. they come first. >> i want to buy a house. >> how will you spend it? >> take a day off. >> officials say this is a 75 percent chance now that someone or multiple somebodies will win tonight. rick is on long island, new york. a lot of folks there open for reversal of fortune. rick: they are. everyone here is telling
on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball....
87
87
Dec 6, 2012
12/12
by
FOXNEWS
tv
eye 87
favorite 0
quote 0
republicans are now agreeing to incrows tax revenue even though they still don't want to raise tax rates. the folks here shrug off the fact there hasn't been a meeting of the president in a couple of weeks. and they suggest there won't need to be a meeting until republicans are ready to give in. >> it is our view that simply having conversations c congressional leaders will not produce a deal. what will produce a deal is an acknowledgment by republicans, republican leaders that rates on the top two percent, the wealthiest americans have to rise. there is no deal without that acknowledgment. >> the treasury secretary gite neither says the -- tab eitner says they are ready to go over the cliff. if republicans won't let the tax cuts expire, they say it is not a threat. shepherd? >> it is easy to say why they would be making those statements when there was a recent survey that showed 53% of people said if we do go over the cliff they blame the republican congress. less than 30% would blame the president. so it would appear at least from that survey that he has the people on his side. the civ
republicans are now agreeing to incrows tax revenue even though they still don't want to raise tax rates. the folks here shrug off the fact there hasn't been a meeting of the president in a couple of weeks. and they suggest there won't need to be a meeting until republicans are ready to give in. >> it is our view that simply having conversations c congressional leaders will not produce a deal. what will produce a deal is an acknowledgment by republicans, republican leaders that rates on...